Indian shares pared early gains on Wednesday, while bond yields moved higher as the country's finance minister presented the Union budget, saying the government will focus on economic growth and job creation with a global slowdown in the vicinity. Finance Minister Nirmala Sitharaman said the outlay for capital spending has been upped 33% to 10 trillion rupees in 2023-24.
Japanese government bond yields fell on Wednesday, under pressure from relentless purchasing operations by the central bank, while a looming 10-year note auction added to the cautious mood. The 10-year JGB yield fell 0.5 basis point to 0.485%, retreating from the Bank of Japan's policy ceiling of 0.5% under its yield curve controls.
STOCKS: The benchmark BSE Sensex rose 332.93 points, or 0.56%, to 59,882.83, while the broader NSE index gained 95.95 points, or 0.54%, to 17,758.1, ahead of the Union budget, which will be closely vetted by investors for government measures to aid the long-term growth of the economy.
* Fed policy decision due at 1900 GMT. * U.S. labour cost growth smallest in a year. By Ashitha Shivaprasad. Gold traded in a narrow price range on Wednesday, as investors refrained from taking big bets ahead of the U.S. Federal Reserve's policy decision due later in the day. Spot gold was down 0.1% at $1,925.09 per ounce, as of 0237 GMT.
Gold prices were little changed in early Asian trading on Wednesday, as investors refrained from taking big bets ahead of the U.S. Federal Reserve's interest rate-hike decision due later in the day. FUNDAMENTALS. * Spot gold was almost flat at $1,927.42 per ounce, as of 0032 GMT. * The Fed's policy decision is due at 1900 GMT, followed by a press conference from Chair Jerome Powell at 1930 GMT.
Benchmark 10-year Treasury
yields inched down from two-week highs on Tuesday following
economic data that showed slowing wage growth and a cooling
housing market, while shorter-term yields were on ...
U.S. Treasury yields inched
down from nearly 3-week highs on Tuesday following economic data
that showed slowing wage growth and a cooling housing market.
* Canadian dollar weakens 0.1% against the greenback. * For the month, it was on track to gain 1.1% * Canadian economy likely grows 1.6% in fourth quarter. * Canada-U.S. 10-year spread narrows by 5.8 basis points.
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